ANNEXU.K.INTERNATIONAL ACCOUNTING STANDARDS

INTERNATIONAL ACCOUNTING STANDARD 7 [F1Statement of Cash Flows] (1)

Textual Amendments

ACQUISITIONS AND DISPOSALS OF SUBSIDIARIES AND OTHER BUSINESS UNITSU.K.

39The aggregate cash flows arising from acquisitions and from disposals of subsidiaries or other business units shall be presented separately and classified as investing activities.U.K.
40An entity shall disclose, in aggregate, in respect of both acquisitions and disposals of subsidiaries or other business units during the period each of the following:U.K.
(a)

the total purchase or disposal consideration;

(b)

the portion of the purchase or disposal consideration discharged by means of cash and cash equivalents;

(c)

the amount of cash and cash equivalents in the subsidiary or business unit acquired or disposed of; and

(d)

the amount of the assets and liabilities other than cash or cash equivalents in the subsidiary or business unit acquired or disposed of, summarised by each major category.

41The separate presentation of the cash flow effects of acquisitions and disposals of subsidiaries and other business units as single line items, together with the separate disclosure of the amounts of assets and liabilities acquired or disposed of, helps to distinguish those cash flows from the cash flows arising from the other operating, investing and financing activities. The cash flow effects of disposals are not deducted from those of acquisitions.U.K.
42The aggregate amount of the cash paid or received as purchase or sale consideration is reported in the [F1statement of cash flows] net of cash and cash equivalents acquired or disposed of.U.K.
(1)

[F1In September 2007 the IASB amended the title of IAS 7 from Cash Flow Statements to Statement of Cash Flows as a consequence of the revision of IAS 1 Presentation of Financial Statements in 2007.]

Textual Amendments